Author Archives: Jack Ross

New allowances for Individual Savings Accounts (ISAs) – which offer tax-free returns on investments – have now come into force. For the 2012/13 tax year, the total amount that can be invested into an ISA has increased to £11,280 (previously … Continue reading

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Whatever business model you are in, you must prepare annual accounts which report on business performance and activities during the financial year. What many may be unaware of, is that businesses are allowed a free choice of when to end … Continue reading

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New mobile apps designed to help small businesses keep tab on their record keeping accounts, have been launched by various software companies and are now available on smartphones such as Android, iPhones and Windows phones. The free apps are aimed … Continue reading

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Starting from October this year, and depending on the size of your business, employers will have to automatically enrol all eligible workers into a qualifying pension scheme. The Government has now confirmed that automatic enrolment rates for the next tax … Continue reading

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Intestacy is the consequence of dying without a Will. Various surveys indicate that about two-thirds of adults fail to make a Will. Even those who do may still be caught by the rules of intestacy. A Will may prove to … Continue reading

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The past few years have seen households focus on reducing household debt and increase their savings. Tax advantaged saving still provides a valuable boost to the saving regime and so in this update we look at some of the opportunities … Continue reading

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For many of the businesses we speak to, the news last week that the UK has dipped back into recession will not have come as a surprise. The economic landscape remains bleak, and almost all businesses are finding this year … Continue reading

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The Seed Enterprise Investment Scheme (SEIS) is designed to help small, early stage companies to raise equity finance by offering a range of tax reliefs to individual investors who purchase new shares in those companies.  It complements the existing Enterprise … Continue reading

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Budget 2012 included a series of announcements that could affect your finances. Highlights included: The personal allowance will increase to £9,205 in April 2013, putting the Government on track for its £10,000 target. The 50% additional tax rate will reduce … Continue reading

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HMRC is launching thirty new taskforces in 2012/13 to crackdown on those businesses it believes are likely to attempt to evade tax. Likely targets include the textiles industry, the motor trade, and indoor and outdoor markets, according to HMRC. The … Continue reading

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